Prime Corner for Sale 6,626 SF
Retail-Commercial
for Sale
| Catylist Listing ID: |
30833274 |
| Property Subtypes: |
Free-Standing Building, Restaurant
|
| Building Size (RSF): |
6,626 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.68 Acres
|
| Sale Price: |
$995,000 |
| Unit Price: |
$150.17 PSF |
| Ceiling: |
12 ft. |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/28/2023 |
Overview / Comments
Great location in the Magnolia retail corridor. City of Knoxville investments are happening in this area. This property is in the Opportunity Zone. At the corner of Magnolia and Cherry Street with traffic counts of 14,273 vehicles per day on Cherry Street and 11,198 vehicles per day on Magnolia. 164' of frontage on Magnolia and 174' of frontage on Cherry Street. Ceiling heights of 12', 2 bathrooms and a loading dock at the rear of the building, gas heat. Tenant improvement allowance is negotiable. Property is also for lease.
Tenant should verify all measurements.
Call Co-Listing Agent, Jennifer Montgomery (865) 406-4364.
|
Financials
| Finance Data Year |
2019 |
| Real Estate Taxes - Annual($) |
$10,866 (Annual) |
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Knox |
| Tax ID/APN: |
082JL012 |
| Zoning: |
C-3 |
| Site Description: |
Level |
| Area Description: |
At the corner of Cherry Street and Magnolia Avenue. |
| Total Number of Buildings: |
1 |
| Year Built: |
2003 |
| Construction/Siding: |
Block |
| Total Parking Spaces: |
37 |
| Parking Type: |
Surface |
| Heat Type: |
Natural Gas |
| Heat Source: |
Ceiling Units |
| Air Conditioning: |
Other |
| Lot Frontage: |
164 |
| Lot Depth: |
174 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,362 |
75,954 |
148,960 |
| Median Age: |
37.22 |
33.73 |
35.13 |
| Households: |
4,049 |
31,005 |
63,269 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Moody's assume any liability for errors or omissions.
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